(CercleFinance.com) – UBS raises its recommendation on AB InBev from ‘sell’ to ‘neutral’ with a price target raised from 53 to 59 euros, a new target roughly in line with the brewer’s share price Belgian company operating the Budweiser, Corona and Stella Artois brands.
The broker sees upside potential for 2024 organic EBITDA through pricing, easing of cost of goods sold and SG&A leverage, but sees risks to expectations in terms of volume.
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